CELEBRITY, CULTURE

Prince William’s Annual Earnings Unveiled in Latest Report

Curious about the annual earnings of the British royal family? The recent Sovereign Grant report, released by the royals this Wednesday, provides fascinating insights into Prince William’s income. According to the report, the Prince of Wales earned an impressive $30 million in 2023.

This substantial figure was detailed in the Integrated Annual Report published by the Duchy of Cornwall, the vast estate responsible for managing the royal family’s properties across England. The report highlights that the duchy generated a surplus of £23.6 million, allocated to Prince William in his first year as the Duke of Cornwall—a title he inherited from his father, King Charles III, following the king’s coronation in May 2023. It’s worth mentioning that the prince pays income tax on the estate’s income.


The Duchy of Cornwall, established in 1337 by King Edward III, has long been a financial resource for the heir to the throne. Currently, it supports Prince William, his wife Princess Catherine, and their three children: Prince George, 11, Princess Charlotte, 9, and Prince Louis, 6. This fund covers the Wales family’s official duties, charitable activities, and private endeavours.

In addition to Prince William’s earnings, the annual Sovereign Grant report also revealed the royal family’s travel expenses. The royals spent a total of £4.2 million (approximately $5.4 million) on travel, including various international charter flights. This amount is part of the total £86.3 million Sovereign Grant provided to the monarchy by the British government for the 2023–24 financial year.

These disclosures offer a rare glimpse into the financial operations of the royal family, highlighting the considerable resources at their disposal and their use for both public duties and private affairs. The transparency of these reports allows the public to better understand the financial aspects of the monarchy, contributing to the ongoing conversation about the role and cost of the royal family in modern society.




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